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Moroccan Police Probe Business Leaders for Drug Money Laundering Scheme
Thursday 8 August 2019, by
The police are conducting an investigation into a money laundering case. It has set out to trace the managers of certain Moroccan companies involved in an international drug trafficking.
The turnover and volume of activities of several Moroccan companies are literally contradictory. The audit of the accounts of these companies, specialized in import-export and real estate development, in Tangier, Nador and Casablanca, revealed the existence of unjustified financial flows, reports 360.ma.
This anomaly prompted a police investigation. The same source indicates that the investigators suspect the managers of these companies to be heavily involved in drug trafficking networks, in Morocco, and in cities in southern Spain.
One of the companies mentioned perfectly illustrates this anomaly. It is supposed to have achieved a turnover of 875 million dirhams, for a capital not exceeding 10 million.
For now, the police are continuing their investigations in order to dismantle this vast money laundering network.